Tag Archives: Energy

The Effect of Uncertainty on Investment: Evidence from Texas Oil Drilling

From Ryan Kellogg: This paper estimates the response of investment to changes in uncertainty using data on oil drilling in Texas and the expected volatility of the future price of oil. Using a dynamic model of firms’ investment problem, I find … Continue reading

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An Economic To Do List From Larry Summers

Do more than focus on the deficit Avoid sequester and spread cuts overtime Address international aspects of corporate tax reform (see related posts here and here) Fix housing finance and loosen GSE lending restrictions modestly Accelerate the transformation of the … Continue reading

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A five point economic strategy from Larry Summers

Before getting to his 5 point economic plan, Summers argued that despite its central importance as a precautionary measure, initiating a long term debt reduction deal today, unlike in 1993, cannot be supposed to constitute a growth strategy going forward. … Continue reading

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